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Type | Public |
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Industry | Financial services |
Founded | 30 January 1996 |
Headquarters | Shanghai , China |
Services | Retail and corporate banking |
Revenue | CN¥33.159 billion (2015) |
CN¥15.918 billion (2015) | |
CN¥13.002 billion (2015) | |
Total assets | CN¥1.449 trillion (2015) |
Total equity | CN¥92.834 billion (2015) |
Owner |
|
Capital ratio | 10.32% (CET1) |
Footnotes /references in a consolidated basis; please see the report for their definition of revenue, operating income in Chinese accounting standards [1] |
Bank of Shanghai Co., Ltd. | |||||||
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Simplified Chinese | 上海银行股份有限公司 | ||||||
Traditional Chinese | 上海銀行股份有限公司 | ||||||
Literal meaning | Shanghai Bank Joint-Stock Limited Company | ||||||
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Bank of Shanghai | |||||||
Simplified Chinese | 上海银行 | ||||||
Traditional Chinese | 上海銀行 | ||||||
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Bank of Shanghai Co.,Ltd. (BOSC) is an urban commercial bank based in Shanghai in China. The bank was ranked 73rd among 1000 banks around the world by The Banker in terms of their Tier 1 capital in 2020. [2]
The Bank of Shanghai was founded on December 29,1995,as the Shanghai City Cooperative Bank,by the merger of 98 City Cooperative Credit Unions of Shanghai,together with the Joint Union of the Shanghai City Cooperative Credit Unions. The company resolved to change its name to the "Bank of Shanghai" in 1998,and regulatory registration of the new name was completed in 2000. Headquartered in Shanghai,China,it is a listed company on the main board of the Shanghai Stock Exchange with stock code 601229. In September 1999 and December 2001,Bank of Shanghai received equity investments from International Finance Corporation of the World Bank Group,The Hong Kong and Shanghai Banking Corporation (HSBC) and The Shanghai Commercial Bank of Hong Kong.[ citation needed ] Prior to 1949,Shanghai was the main branch of HSBC,but its operations in mainland China had significantly scaled down in the 1950s. The Shanghai Commercial Bank was also based in Shanghai before the establishment of the People's Republic of China in 1949,but its mainland operations were nationalized in 1950.
On 11 December 2013,HSBC Hong Kong sold their 8.0% stake of the Bank of Shanghai to Spanish multinational banking group Banco Santander for an undisclosed fee (Santander announced that including the cooperation agreement,the total investment would be €470 million),which HSBC HK listed the stake as an available-for-sale asset with a fair value of HK$3.629 billion (approx. US$468 million) in the balance sheet at 30 September 2013. [3] [4] It was HSBC's successive disinvestment in the mainland China after selling Ping An Insurance in December 2012.
In 2016,the Bank of Shanghai applied the clearance for IPO. Since June 2017,it was part of Shanghai Stock Exchange's blue chip index:SSE 50 Index. [5]
According to the bank,206 Chinese state-owned enterprises owned 56% stake of the share capital in total,as at 31 July 2015.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with unique historical and business links to East Asia and a highly multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA).
CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing. As of 2019, it is China's biggest state-run conglomerate with one of the largest pools of foreign assets in the world.
Bank of China (Hong Kong) Limited (Chinese: 中國銀行(香港)有限公司) also known as its short name Bank of China (Hong Kong) or BOCHK (Chinese: 中銀香港), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data), with more than 190 branches across Hong Kong as of the end of 2019. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC, is the Hong Kong-based Asia-Pacific subsidiary of the HSBC banking group, for which it was the parent entity until 1991. The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".
JETCO, officially Joint Electronic Teller Services Limited is a network of automatic teller machines in Hong Kong and Macau.
The Shanghai Commercial Bank is an international bank based in Hong Kong. Its subsidiary companies offer banking and financial services across the world, but mainly in China, the United Kingdom, and the United States. The bank was founded by Chen Guangfu in 1915.
Bank of Communications Limited (BoComm), is the fifth-largest bank in mainland China.
The issue of banknotes of the Hong Kong dollar is governed in the Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region. Notes are also issued by the HKMA itself.
Banco Santander, S.A., doing business as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 19th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by the Financial Stability Board.
CITIC Limited is a conglomerate headquartered in Hong Kong. Its shares are listed on the Main Board of the Hong Kong Stock Exchange, and it is a constituent of the Hang Seng Index. 58% of its issued shares are owned by the Chinese state-owned CITIC Group.
The Big Four is the colloquial name given to the four main banks in several countries where the banking industry is dominated by just four institutions and where the phrase has thus gained relevance. Some countries include more or fewer institutions in such rankings, leading to other names such as Big Three, Big Five, or Big Six.
China CITIC Bank is China's seventh-largest lender in terms of total assets. It was known as CITIC Industrial Bank until it changed its name in August 2005. China CITIC Bank, established in 1987, is a nationally comprehensive and internationally oriented commercial bank. The bank operates in Hong Kong, Macau, New York, Los Angeles, Singapore and London, and maintains a strong foothold on the mainland banking industry. The bank operates 163 branches in the mainland, and 1,252 sub-branches, located in economically developed regions of China. In total, there are 1,415 branch offices in China, as of Q4 2021.
HSBC Bank (China) Company Limited was one of the first foreign banks to incorporate locally in mainland China in 2007. It is part of the worldwide HSBC Group and is wholly owned by Hong Kong-based HSBC.
China's banking sector had CN¥319.7 trillion in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world As of 2018. The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.
Haitong Securities is a securities firm in China, providing services in stocks and futures brokerage, as well as investment banking, corporate finance, M&A, asset management, mutual fund, and private equity.
China Everbright Bank Co., Ltd. is one of twelve Chinese joint-stock commercial bank. Established in August 1992, it is a national joint-stock commercial bank approved by the State Council and approved by the People's Bank of China, headquartered in Beijing. It was ranked in 139th in 2016 Forbes Global 2000 publicly held companies. Sister company Everbright Securities ranked 862th.
Oceanwide Holdings Co., Ltd. is a Chinese publicly traded conglomerate. It was a subsidiary of Tohigh Holding, via intermediate holding companies Oceanwide Group and China Oceanwide Holdings Group.
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